C.D.A.: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
C.D.A.
Largest movements
- Cash -€52,201
down €52,201 (-57.2%), from €91,204 to €39,003
mainly Receivables within one year (-€29,432) and Net result for the year (-€25,474)
- Receivables within one year +€29,432
up €29,432 (+390.5%), from €7,538 to €36,970
of which Trade receivables: +€29,524
- Tangible fixed assets -€14,459
down €14,459 (-6.0%), from €240,674 to €226,215
of which Other tangible fixed assets: -€7,424
- Profit (loss) carried forward -€25,474
down €25,474 (-64.4%), from €39,537 to €14,063
- Other debts -€11,941
down €11,941 (-5.5%), from €217,339 to €205,398
- Gross operating margin -€7,944
down €7,944, from €4,822 to -€3,121
- Financial income -€307
down €307 (-58.7%), from €522 to €216
- Other operating charges +€300
up €300 (+3.8%), from €7,810 to €8,109
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,416 | €302,187 | -€37,228 | -11.0% |
| Fixed assets | 21/28 | €240,674 | €226,215 | -€14,459 | -6.0% |
| Tangible fixed assets | 22/27 | €240,674 | €226,215 | -€14,459 | -6.0% |
| Land and buildings | 22 | €182,569 | €176,177 | -€6,392 | -3.5% |
| Furniture and vehicles | 24 | €913 | €270 | -€643 | -70.5% |
| Other tangible fixed assets | 26 | €57,192 | €49,768 | -€7,424 | -13.0% |
| Current assets | 29/58 | €98,741 | €75,972 | -€22,769 | -23.1% |
| Amounts receivable within one year | 40/41 | €7,538 | €36,970 | +€29,432 | +390.5% |
| Trade receivables | 40 | €7,381 | €36,905 | +€29,524 | +400.0% |
| Other amounts receivable | 41 | €157 | €65 | -€92 | -58.7% |
| Cash at bank and in hand | 54/58 | €91,204 | €39,003 | -€52,201 | -57.2% |
| Total equity and liabilities | 10/49 | €339,416 | €302,187 | -€37,228 | -11.0% |
| Equity | 10/15 | €114,851 | €89,377 | -€25,474 | -22.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,314 | €13,314 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,314 | €13,314 | = | 0.0% |
| Legal reserve | 130 | €13,314 | €13,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,537 | €14,063 | -€25,474 | -64.4% |
| Amounts payable | 17/49 | €224,564 | €212,810 | -€11,754 | -5.2% |
| Amounts payable within one year | 42/48 | €224,564 | €212,810 | -€11,754 | -5.2% |
| Trade debts | 44 | €1,195 | €1,342 | +€147 | +12.3% |
| Suppliers | 440/4 | €1,195 | €1,342 | +€147 | +12.3% |
| Taxes, remuneration and social security | 45 | €6,030 | €6,070 | +€40 | +0.7% |
| Taxes | 450/3 | €6,030 | €6,070 | +€40 | +0.7% |
| Other amounts payable | 47/48 | €217,339 | €205,398 | -€11,941 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,459 | €14,459 | = | 0.0% |
| Other operating charges | 640/8 | €7,810 | €8,109 | +€300 | +3.8% |
| Gross operating margin | 9900 | €4,822 | -€3,121 | -€7,944 | |
| Operating profit (loss) | 9901 | -€17,446 | -€25,690 | -€8,244 | -47.3% |
| Financial income | 75/76B | €522 | €216 | -€307 | -58.7% |
| Recurring financial income | 75 | €522 | €216 | -€307 | -58.7% |
| Financial charges | 65/66B | €41 | €0 | -€41 | -100.0% |
| Recurring financial charges | 65 | €41 | €0 | -€41 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,965 | -€25,474 | -€8,510 | -50.2% |
| Profit (loss) for the period | 9904 | -€16,965 | -€25,474 | -€8,510 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,965 | -€25,474 | -€8,510 | -50.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.